SUMMARY OF FED CHAIR POWELL'S COMMENTS (7/30/25): 1. Current policy stance "leaves us well positioned" 2. Moderation of growth reflects a slowdown in consumer spending 3. Activity in the US housing sector remains weak 4. Inflation in the US remains "somewhat elevated" 5. Tariffs are "pushing up prices" in some goods 6. "Changes to government policy continue to evolve" The Fed pause continues.(The Kobeissi Letter)